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Aqua Spark

Impact investoroperating company · company profile

Utrecht · Seed–Late Stage · 26 people tracked

Also known as AQUA-SPARK MANAGEMENT B.V.

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Investment thesis

Aqua-Spark invests in sustainable, commercial aquaculture businesses that form the foundation of the aquaculture food system, such as fish farms, feed mills and hatcheries, selecting best-in-class operations committed to continual improvement. Backed by a global community of over 300 investors from more than 25 countries, the fund supports the growth of a new, environmentally responsible aquaculture industry and actively seeks entrepreneurs working toward a more sustainable aquaculture food system.

Source: firm website, verified Sep 29, 2026.

Stage
Seed–Late Stage
HQ
Utrecht, NL
Instruments
Equity
Founded
2013
Private fund assets
$470.4M
Tracked investments
35
Acquisitions
1

Team · 26 people

from the firm's website & curated & public directories
Glenn Flanders· Partnerin
Alexander Belderok· External expert (board member portfolio companies)
Ben Gimson· Lead Africain
Bente Jonker· HR Manager
Boris van Troost· ESG & Impact Officer
Harpreet Kaur· Risk Manager
Kimberley Hardjodikromo· Corporate Controller
Leon van Schaik· Chief Finance and Risk Officer (CFRO)
Milad Feroegh· Legal Counsel

Founder mafia

4 people who came through Aqua Spark went on to found or lead other companies.

What they invest in

from 23 of 35 portfolio companies

FoodTech ×17AgTech ×16Biotech ×8Circular Economy ×5Climate Tech ×5AI & Machine Learning ×3Cleantech ×3Hardware ×3

HQs:United States×3Norway×2Brazil×1Finland×1United Kingdom×1Indonesia×1

Who they back

founder profiles across 9 portfolio companies
67%
solo founders
6 of 9 mapped founding teams

Founding team size:solo founder×62 founders×23 founders×1

Investments · 35 tracked

founders shown can be your intro path

By year:2024 · 12023 · 32022 · 12021 · 32020 · 22019 · 42018 · 22017 · 12014 · 118 dated

ACE Aquatecaceaquatec.cominSeries A · Nov 2019 · $6M✓ verified

Ace Aquatec builds IoT-enabled precision products for the aquaculture industry, including acoustic wildlife deterrents, sea lice treatment, biomass estimation and real-time monitoring, and humane fish-stunning solutions.

AgTechAI & Machine LearningCleantechFoodTechHardwareIoTDundee, GB

Nathan Pyne-Carter(CEO)inAlan MacLeod(Chief Finance Officer (CFO))inTara McGregor-Woodhams(Chief Sales & Marketing Officer (CSMO))inKeith Davidson(Chief Technology Officer (CTO))in

Co-investorsChroma VenturesEarth CapitalScottish EnterpriseEIT Food Accelerator Network

Chicoa Fish Farmchicoa.fishNov 2020✓ verified

Chicoa is a tilapia aquaculture farm operating in Southern Africa, providing farmed fish products.

AgTechFoodTechImpact & Social GoodCahora Bassa, MZ

GerryDamien

Co-investorsGoodwell Investments

Matorkamatorka.isin✓ verified

Matorka operates a land-based, vertically integrated aquaculture business raising Arctic char in Iceland, harvesting to order with full traceability from egg to customer.

AgTechCircular EconomyFoodTech

Olav Ketilsson(Co-founder & Board Member)Christo du Plessis(CEO)inNeil Stallard(Chief Production Officer)in

BioFishencybiofishency.netMar 2019 · $2M
Bluefinbluefin.ioin𝕏Oct 2023

Bluefin is an orderbook-based decentralized derivatives exchange built for both first-time users and professional traders.

Crypto & Web3Fintech

Ahmad Jawaid(Founder)in

Co-investorsAltonomyAmber GroupCompoundFBG CapitalHashedLedgerPrime+15 more

Bluefin Payment Systems, LLCbluefin.comin𝕏Oct 2023

Bluefin provides security-first payment infrastructure, including technologies to protect payment card and sensitive data for retailers and enterprises.

CybersecurityEnterprise SoftwareFintech

Co-investorsBaleon CapitalCamden PartnersCPT CapitalMoreVCPeregrine VenturesPICO Venture Partners

CageEyebluegrove.cominOct 2018

CageEye is a Norwegian aquatech company that uses hydroacoustics combined with pellet detection to monitor salmon behavior and fish welfare and improve feeding in aquaculture.

AgTechHardwareIoT

Co-investorsBlue Revolution Investments G.P.

Calystacalysta.comin𝕏Series B · Jun 2019 · $10M

Calysta produces protein ingredients through a patented fermentation platform that does not use arable land, plants, or animal products, offering products such as FeedKind and Positive Protein for animal feed and food.

AgTechBiotechFoodTechMenlo Park, US

Alan Shaw, Ph.D.(Executive Officer, Director)Alan Shaw(President, Chief Executive Officer and Co-Founder)inLori Giver(Chief Science and Sustainability Officer)inCraig Barratt, Ph.D.(Director)David Hayes(Director)Suan Swee Tan(Director)

Co-investorsBaruch Future VenturesCelesta CapitalPangaea Ventures Us Inc.SQN Venture Partners, LLCbp venturesDigitalOcean+1 more

Ectoecto.comOct 2021 · $7M

Ecto offers a mobile-first platform for managing tasks, alerts, and customizable procedures across animal production operations such as aquaculture, poultry, pork, and feed plants.

AgTechFoodTechSaaS

Co-investorsRabo Corporate VenturingSeventure PartnersVodia VenturesCultivation CapitalYield Lab

eFisheryefishery.cominSeed · Nov 2014 · $1M

Efishery is an Indonesian aquaculture technology company serving fish and shrimp farmers.

AgTechDeep TechIoT

Chrisna AdityainGibran Huzaifah(Founder)inMuhammad Akhirulsyahin

Co-investors500 Global500 Startups VietnamWavemaker PartnersKWAPTemasek

Eniferenifer.comin

Pekilo is a mycoprotein-based ingredient that provides digestible proteins and dietary fiber as a sustainable alternative to meat products.

AgTechBiotechCircular EconomyFoodTechImpact & Social GoodFinland, FI

Co-investorsNordic Foodtech VCVoima Ventures

Fisher Pisciculturafisherpiscicultura.com.brOct 2019

Fisher Piscicultura is a Brazilian tilapia aquaculture company operating since 2011 that produces over 2,000 tons of tilapia annually and develops its own farming technology, the TRGV (large-volume net tank) system designed for Brazilian reservoirs.

AgTechFoodTechHardware

HATCHhatch.bluein𝕏

Hatch Blue Investments is a venture capital firm that invests in startups across the aquaculture and seafood value chain, including farming systems, nutrition, health and genetics, and alternative seafood.

AgTechClimate TechFoodTechImpact & Social Good

Carsten Krome(Co-founder)inGeorg Baunach(Co-founder)inWayne Murphy(Co-founder)in

Co-investorsFarvatn Venture

Hofseth Biocarehofsethbiocare.com

Hofseth BioCare develops products derived from fish, using patented processes and R&D programs including research on asthma, COVID-19, and gastrointestinal health.

BiotechFoodTechWellness & Fitness

Roger Hofseth(Founder and anchor shareholder)in

Kuehnle AgroSystemskuehnleagro.com

Kuehnle AgroSystems (KAS) is a biotech company that uses a patented "dark fermentation" process and proprietary non-GMO microalgae strains to produce natural high-value products such as astaxanthin.

AgTechBiotechFoodTechHonolulu, US

Adelheid Kuehnle(Executive Officer, Director)inClaude Kaplan(CEO)Gordon Wallace(Executive Officer)

BoardLarsen Mettler(Director)inKonrad Mueller Auffermann(Director)Carsten Krome(Director)in

Co-investorsBlue Revolution Investments G.P.Cavallo VenturesS2G InvestmentsIVC

Oceano Frescooceano-fresco.ptinOct 2024

Oceano Fresco farms shellfish, including clams and the European flat oyster (Ostrea edulis), using open-sea nurseries in the Atlantic Ocean with a regenerative aquaculture approach.

AgTechClimate TechFoodTech

Co-investorsBlueCrow CapitalSemapa NextIndico Capital Partners

Proteon Pharmaceuticalsproteonpharma.comAug 2021 · $25M

Proprietary phage development platform.

Co-investorsMontis CapitalMontis VCSeventure Partners

Protix Biosystemsprotix.euin𝕏Feb 2022 · $57M

Protix produces insect-derived protein, lipid, and puree ingredients for pet food, aquaculture feed, and livestock feed, as well as frass and larvae-based products for plant care and breeding.

AgTechCircular EconomyFoodTech

Kees Aarts(Founder)in

Co-investorsBOMEuropean Circular Bioeconomy FundInvest-NLMiller Capital CorporationSHIFT Invest

Sea6 Energysea6energy.comin𝕏Series B · Jul 2021 · $9M

Sea6 Energy develops seaweed-derived biotechnology products and biomaterials for agriculture, animal health, food ingredients, and bioplastics, leveraging ocean farming and bioprocessing technologies.

AgTechBiotechCircular EconomyCleantechClimate TechEnergyNew MaterialsBangalore, IN

Co-investorsSilverstrand CapitalBASF Venture Capital GmbHPETRONAS Ventures

Shiok Meatsshiokmeats.comin𝕏Series AAcquired

Shiok Meats grows shrimp and other seafood through cellular agriculture, cultivating animal tissue in laboratories rather than harvesting from wild or farmed sources.

BiotechClimate TechFoodTechHealthtechSingapore, SG

Ling Ka Yi(Founder)inSandhya Sriram(Founder)in

Co-investorsBig Idea VenturesEntrepreneur FirstSustainable Food VenturesY CombinatorAera VCAgFunder+22 more

Swedish Algae Factoryswedishalgaefactory.comin𝕏Mar 2020 · $5M

Swedish Algae Factory cultivates diatoms and extracts their silica shells, marketed as Algica®, a material used in high-end oceanic beauty care products and applications such as solar panel efficiency enhancement.

Circular EconomyCleantechNew MaterialsKungshamn, SE

Co-investorsChalmers Ventures ABMindshift CapitalPowerhouse

Tepbactepbac.vn

Tepbac operates in the aquaculture sector with a focus on shrimp farming, referencing global shrimp market growth and Vietnam's position as the world's second-largest shrimp exporter.

AgTechFoodTech

Lam Nguyen(Founder)in

Co-investorsAgFunder

Umami Bioworksumamibioworks.comin

Umami Bioworks develops cultivated seafood using cell biology and bioprocess engineering technologies.

AI & Machine LearningBiotechFoodTech

Mihir Pershad(Founder & CEO)in

Co-investorsAera VCAgronomicsBetter Bite VenturesBrincMindshift CapitalSustainable Food Ventures+3 more

Wanda Fishwandafish.comOct 2023 · $7M

Wanda Fish develops cell-cultivated seafood, with a flagship cultivated toro bluefin tuna product grown using cell culture and biotechnology methods.

BiotechClimate TechFoodTech

Co-investorsMoreVCPeregrine VenturesCPT CapitalPICO Venture Partners

Xpert Seaxpertsea.comSeries A · Apr 2018 · $8M

KAMPI is an app and platform that uses machine learning and AI to turn shrimp farmers' daily records into recommendations for managing biomass, biological and environmental parameters, feeding, and profitability across the harvest cycle.

AgTechAI & Machine LearningFoodTech

Co-investorsDesigner FundFounderFuelQED Investors

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ChicoaCryoocyteIndian Ocean TrepangIndian Ocean Trepang (IOT)KASLake HarvestLake Harvest GroupProteonSAFSea6

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Aqua Spark made?
Aqua Spark has 35 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
What stage does Aqua Spark invest at?
Aqua Spark invests at the Seed, Late Stage stages.
What sectors does Aqua Spark focus on?
Aqua Spark focuses on AgTech, Climate Tech, FoodTech, Impact & Social Good.
Where is Aqua Spark located?
Aqua Spark is headquartered in Utrecht, NL.
Does Aqua Spark lead rounds?
Aqua Spark has led 5 of the 9 rounds where its role is on record.
Who does Aqua Spark co-invest with?
Aqua Spark most often shares deals with Blue Revolution Investments G.P., Mindshift Capital, MoreVC, among 38 tracked co-investors.
What size deals does Aqua Spark back?
Across 8 deals with disclosed amounts, Aqua Spark has joined rounds of $5M – $57M (median $8.5M).

Media · Podcasts & interviews

featuring the team

Amy Novogratz: Start-Ups I Want To Invest In | Christopher Vonheim | Aqua Spark

Christopher Vonheim · Amy Novogratz

Images

Aqua Spark photo

Co-investors · 9

Seventure Partners

Seventure Partners is a European venture capital firm backing innovative companies across life sciences and digital technologies, with additional focus areas in sport & performance and the blue economy.

QED Investors

QED Investors is a venture capital firm focused on financial services, founded by former Capital One executives to back founders bringing transparency and fairness to fintech.

Both backed · 1
$30K – $25M
Celesta Capital

Celesta Capital is a venture capital firm that partners with early-stage deep-technology startups, providing capital alongside operational support in scaling technology, go-to-market strategy, team building, and customer and partner introductions.

Both backed · 1
$5M – $10M
$1.1M – $5.4M
bp ventures

BP Ventures invests in private technology companies developing innovations in the energy sector. The firm focuses on early to growth-stage companies globally.

Both backed · 1
$1M – $10M
Chroma Ventures

Chroma Ventures backs exceptional teams and innovative technology-driven companies from early-stage to scale-up, taking active board roles to support ambitious growth plans and international expansion.

Both backed · 1
$630K – $6.3M
GV (Google Ventures)

GV (Google Ventures) is a venture capital firm that has invested in AI and machine learning since its early days, backing more than 100 AI companies across infrastructure, life sciences, and applications.

$250K – $50M
Breakthrough Energy Ventures

Breakthrough Energy, founded by Bill Gates, backs innovators developing affordable, reliable, and clean energy technologies, investing across manufacturing, electricity, agriculture, transportation, and buildings.

$500K – $50M
Atlantico

Atlantico is a venture capital firm that backs founders building companies in Latin America and beyond, and publishes annual reports on the region's digital transformation.

$100K – $5M

Firms observed investing alongside Aqua Spark, from public investor directories. Shared companies are the overlap with Aqua Spark's recorded portfolio.

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